The team at The Australian Real Estate Training College wishes all our students a happy and safe holiday season. Our office will be closed from 22 December 2022 and will reopen on 4 January 2023 🎄
Picture: Pixabay.
Good afternoon, Peter.
Newsletter snapshot:
There’s been a lot of discussion around legislative changes for the SA, NSW and WA residential and commercial property sectors over the past month. We also saw several agents in WA, Tasmania and Victoria receive court charges, fines and licence suspensions over industry misconduct.
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Legislative updates:
First steps taken to review South Australia's residential tenancy laws;
NSW Fair Trading commences consultation around changes to the Retail Leases Act;
Review of Western Australia's domestic violence tenancy law reforms;
Review of NSW rental laws around domestic violence and renting with pets.
Disciplinary action:
Victorian estate agent’s licence cancelled for trust account failures;
Tasmanian agent has licence suspended, ordered to pay a total of $12,500;
Former Victorian agent sentenced to community corrections order and 300 hours of unpaid community work;
Further misconduct within Victorian property industry as another former agent charged for misusing trust funds;
Western Australia Consumer Protection issues $16,000 in fines over unregistered sales representative.
Industry updates: WA Consumer Protection reports concerning CPD completion numbers.
South Australia Consumer and Business Services (CBS) recently announced its intentions to reform the state’s current residential tenancy legislation, the Residential Tenancies Act 1995…
NSW Fair Trading has advised in a recent media release that the regulator intends to review the NSW Retail Leases Act 1994 (‘the Act’). The changes will impact landlords, investors…
Western Australia Consumer Protection has advised they will be conducting community consultation on changes to residential tenancy laws that came into effect in April 2019. The aim of…
NSW Fair Trading announced in their latest issue of The Letterbox that the regulator is now in consultation with the community regarding residential tenancy laws. The main topics…
The Property Agents Board of Tasmania (‘The Board’) published a recent tribunal decision on their website in November. The redacted tribunal outcome details disciplinary action…
Consumer Affairs Victoria (CAV) recently reported that a former Victorian estate agent has been convicted of withdrawing more than $100,000 worth of trust account funds, with the intention…
As the result of several legal actions currently underway in the Victorian Civil and Administrative Tribunal (VCAT) and the courts, yet another estate agent has been charged for trust…
Western Australia Consumer Protection has published a tribunal outcome on its website, detailing disciplinary action taken against a Perth agency for breaches under the Real…
Western Australia’s Consumer Protection division has reported in a recent bulletin that there is a concerning number of real estate licensees and registration holders yet to meet…
NAAW ran from 21 to 27 November to remind Australians to Think Twice About Asbestos. The presence of asbestos in Australian homes is an important issue for real estate agents to be aware of. There are strict rules around agents’ disclosure obligations regarding asbestos when it comes to selling or renting a home.
WA licence and registration holders, don't forget to complete your CPD by 31 December! Enrol today and complete up to 7 Elective CPD points for only $89 💳💻
